Page 2 - Frauds

ED attaches fresh assets in case against Anil Ambani's Reliance Group

The Enforcement Directorate (ED) has attached fresh assets worth crores of rupees as part of a money laundering probe related to Reliance Group chairman Anil Ambani and his companies, official sources said. The federal investigative agency had earlier attached properties worth Rs 7,500 crore in this case. The latest provisional attachment order has been issued under the Prevention of Money Laundering Act (PMLA) for the assets located in various parts of the country. It is estimated that assets worth over Rs 1,400 crore have been attached as part of the latest order, the sources said.

Provogue India defrauded of ₹90 cr, former director among 4 booked

The Economic Offences Wing (EOW) of the Mumbai police has booked four persons, including a former director and an ex-employee of Provogue India Ltd, for cheating the company of Rs 90 crore, officials have said. Provogue India Ltd, based in Mumbai, manufactures and sells a wide range of products, including men's and women's apparel, accessories and luggage. The accused persons were identified as former director of the company Rakesh Rawat, its former employee Sameer Khandelwal, resolution professional Amit Gupta, new purchaser Arpit Khandelwal, Plutus Investments and Holding Ltd and others, an official said on Wednesday. The accused conspired and allegedly undervalued the company's assets and deliberately delayed the auction process by two years to bring down its market value so that Khandelwal could purchase the company, an official said. The accused did not collect the receivable amounts from clients (debtors) for personal gain, he said. A complaint in this connection was lodged

ED arrests Lalu Prasad family aide Amit Katyal in real estate fraud case

The Enforcement Directorate has arrested Amit Katyal, a real estate businessman considered close to RJD chief Lalu Prasad's family, in a money laundering case linked to alleged cheating of homebuyers in Gurugram, official sources said. Katyal was taken into custody by the Gurugram zonal office of the agency on Monday under the Prevention of Money Laundering Act (PMLA), they said. A special court in Gurugram sent him to six-day ED custody. The investigation pertains to the allegations of non-delivery of flats in the Krrish Florence Estate built in Gurugram's Sector 70 over 14 acres. The project was being developed by Katyal's company, Angle Infrastructure Pvt Ltd. Katyal was arrested by the ED also in 2023 in a separate money laundering case related to the railways' alleged land-for-jobs scam involving Lalu Prasad, his wife Rabri Devi, and other family members. The businessman was chargesheeted in August by the federal agency in a third case for allegedly cheating homebuyers for Rs

Al Falah chairman had reasons to flee, ₹415 cr tainted funds identified: ED

Siddiqui was taken into custody by the federal probe agency on Tuesday night after it conducted day-long searches against the Al Falah University group of Faridabad

Delhi Police uncovers forex trading scam with Dubai link, 3 arrested

The Delhi Police has arrested three people, including a sales manager of a private bank, over alleged links with an interstate syndicate involved in large-scale forex trading scam operated by Dubai-based handlers, an official said on Monday. The accused have been identified as Anurag Kumar, a mule-account provider; Zeeshan Syed, sales manager at a private Bank; and Himanshu Gupta, a key handler with past involvement in cheating and forgery, he said. They were allegedly part of a network that created shell companies and opened multiple mule current accounts to layer and launder the proceeds of investment frauds, the police said. The gang lured victims through social media groups, using manipulated dashboards to display fictitious forex trading profits, the senior officer said. Manipulated by the fake returns, victims were induced to deposit money repeatedly, which was then routed through a layered network of accounts created under entities such as "Rebootz Sync Professionals Pvt Ltd

Why former Jaypee Infratech MD was arrested in money laundering case

Manoj Gaur, who was accused of cheating multiple home buyers, was arrested under the Prevention of Money Laundering Act

Medikabazaar targets 40% annual growth as turnaround gains traction

After reporting an 80% revenue jump and EBITDA positivity in Q2FY26, Medikabazaar plans 40% annual growth over the next three years, even as it navigates a high-profile boardroom dispute

'Black widow' scam in Russia: Fake brides loot dead soldiers' payouts

Scammers and even organised groups have started targeting lonely soldiers, making them sign fake marriage papers before they go to war

Brazilian model reacts after Rahul Gandhi's Haryana election fraud claim

Larissa, who is a former model, shared she had no idea her photo was being used in India and called the situation 'absurd', adding she had never even visited the country

Shreyas Talpade, Alok Nath booked in new fraud case over investment plan

The case accuses the actors of misleading investors under a cooperative society scheme; both had earlier received Supreme Court protection from arrest

Sebi developing tools to curb fraudulent trades: Tuhin Kanta Pandey

Regulator to float consultation papers on MIIs guidelines, easier KYC for NRIs

EOW conducts raid at multiple locations in J-K in ₹53 lakh land fraud case

The Economic Offences Wing (EOW) of Crime Branch Kashmir on Thursday conducted raids at multiple locations here in connection with a Rs 53 lakh land fraud case, officials said. The searches were conducted at several locations in Srinagar district in connection with a case of cheating and dishonestly inducing delivery of property against four individuals involved in the fraud. The case was registered on September 2 following a written complaint alleging that land brokers Tariq Ahmad Hajam, Ghulam Hassan Mir, Sonaullah Mir, and Razzak Mir -- all residents of Barthana Srinagar -- deceitfully grabbed Rs 53 lakh from the complainant on the pretext of facilitating a land deal, a spokesman of the Crime Branch said. He said the investigation has revealed that the accused, in connivance with certain revenue officers and officials, had "manipulated documents and misused official processes to illegally" obtain money and property from the complainant. Searches were conducted to trace evidence

Payment apps, DoT help avert ₹200 cr potential fraud: PhonePe co-founder

Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday. While giving a presentation to Prime Minister Narendra Modi at the inaugural session of India Mobile Congress (IMC), PhonePe co-founder Rahul Chari said that by using FRI (Fraud Risk Indicator) data, apps like PhonePe and Paytm have frozen more than 10 lakh accounts and wallets. "They have blocked more than 48 lakh suspicious transactions. More than 200 crore rupees in potential financial loss have been averted. The DoT has been able to save more than that in the potential financial loss to consumers in just 3-4 months prior to the launch," Chari said. According to the breakup shared by Chari, PhonePe claims to have helped citizens avert potential financial fraud losses of around Rs 125 crore, while Paytm has helped save Rs 68 crore in the last 2 ..

Bombay HC upholds SBI order on Anil Ambani, Reliance Comm fraud accounts

The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw. A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order. The judgment, a copy of which was made available on Tuesday, said there was no merit in Ambani's plea as there was no "infirmity" in the SBI order of June 13, 2025. The court did not entertain the industrialist's contention that the order should be held as null and void because he was not given a personal hearing, and relevant documents were not furnished to him. The right available under the Reserve Bank of India's (RBI) Master Directions, under which the SBI passed its order, is that of making a representation and not of personal hearing, the high court noted. Ambani had submitted his response to the show-cause .

Charlie Javice gets 7 yrs in prison for defrauding JPMorgan of $175 million

The 33-year-old Frank founder was convicted of conspiracy, bank fraud, and wire fraud after faking user records to sell her startup to JPMorgan in a $175 million deal

EU questions Apple, Google and Microsoft on steps to curb financial scams

The EU is increasing its regulatory scrutiny of major US technology companies via the Digital Services Act

Mobikwik reports financial fraud in Haryana; says user accounts unaffected

Fintech firm One MobiKwik Systems on Thursday confirmed that a technical glitch had led to unauthorised payments in and around one district of Haryana last week, and said remedial measures had been taken with financial impact contained and quantified. The company, in a statement, clarified that the incident did not affect UPI, wallet payments, or user account balances. "MobiKwik confirms that an isolated technical issue on September 11-12, 2025, led to certain failed transactions being incorrectly marked as successful, resulting in unauthorised payouts to some merchants in and around the Nuh district of Haryana. A few merchants and users from this area exploited this issue to gain undue financial benefit. "Upon identification in the early hours of September 12, the Company immediately took corrective action and resolved the issue within 45 minutes. The total financial impact has been contained and quantified," it said, adding that no employees, management personnel or insiders were

Businessman loses ₹5.8 lakh in cyber scam in Bengaluru: Details here

The man residing in the New Thippsandra area received a fake Regional Transport Office e-challan APK file on the messaging platform from an unknown contact

UK Deputy PM Angela Rayner resigns over tax issues, triggering reshuffle

Rayner's resignation came after the government's independent ethics adviser, Laurie Magnus, delivered a report to the premier on Friday that found she had breached the ministerial code of conduct

Trump appeals NY fraud ruling despite hailing earlier decision as 'victory'

Trump's notice of appeal was filed Tuesday with New York's Court of Appeals, the state's highest court, which will now review the case